NEW YORK CITY

For co-ops and condos eager to switch from oil to gas but stymied by the cost, Con Edison has just announced 16 new Area Growth Zones for 2016 with a sweet incentive — a no-cost connection opportunity from the street to your building. It's a continuation of the company's present program, and the time to sign up is now. In case you don't know, there are two main costs in a conversion project. One is the price of all work within your property line, such as gas piping, equipment, and chimney-liners, which are the building's responsibility. The cost for this work is typically referred to as the "internal conversion costs." 

“Inane” policy ignores science of disease transmission – and the law.

Memories of summertime looting linger as bitter campaign comes to an end.

Co-op boards have the power to raise fees to keep budgets balanced.

Change will affect some co-ops with rent-regulated apartments.

Co-op boards need to protect their right to approve transfers and collect flip taxes. 

Want to refinance your co-op's mortgage? Get your ducks in a row.

According to a report released early this week by CityRealty, the average price of new development units in buildings such as One57 is expected to reach a record $5.9 million this year. Those "slumming it" in a regular old existing Manhattan condo can expect to pay closer to $2.7 million this year. That said, far fewer units are being built now than were build during the development boom of the mid-2000s; therefore, the number of closed sales is expected to increase more modestly than their prices.

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Lease renegotiations are just one strategy for co-op and condo boards.

By Oct. 31, boards must post their building’s letter grades for the first time.